The Fitness Center industry has over 111,000 businesses with a market size of $34 billion, and it supports over 800,000 jobs. He held multiple store operations positions with P&L responsibility progressing from Store Manager to Regional Manager. Planet Fitness ( PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. Here is a list of our partners and here's how we make money. Kathy Gentilozzi joined Planet Fitness in 2019 as the Companys Chief People Officer. Initial franchise fee: $30,000 to $50,000, Estimated total initial investment: $100,000 to $2 million. Prior to joining Planet Fitness, Mr. Vartanian was a corporate attorney at Devine Millimet. There are very few reasons why one might want to open a Planet Fitness franchise. The fitness center industry has grown with the rise in disposable income and demand for a more health-conscious lifestyle among millennials. was founded in 1992 by Marc and Michael Grondahl in Dover, New Hampshire. It is important to talk to other franchisees and see what their costs were for leasehold improvements and construction. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. Even after the pandemic hit, it continued to grow at a rate of over 100 units. Prior to joining Planet Fitness, Ms. Simmons worked in Finance and Business Planning roles for Timberland, PepsiCo, and Fisher Scientific International. Sorry. But buying into a gym franchise is a less risky venture than building a gym from the ground up. Call (888) 977-4374. Crunchs fees are on the lower end of the scale: Royalty fees are 5% of monthly gross sales, and advertising fees are 2% of monthly gross sales. Prior to joining Planet Fitness, Mr. Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600. [36], The company reports that as of 2019, there are 80 corporate-owned gyms, the rest independently owned and operated. Please scroll down for a partial list of franchise businesses. has over 1,100 studios in 49 U.S. states and 22 countries internationally (they started in 2010, for some context about just how quickly theyre growing). Bode was also responsible for U.S brand compliance and business development along with leadership positions overseeing training, store development, marketing, and franchising. On this Wikipedia the language links are at the top of the page across from the article title. Verizon Wireless, and Westin, just to name a very few. And with an incredibly low initial franchise fee and upfront investment, Jazzercise is one of the best low-cost franchises youll find, especially within the health and fitness industry. Prior to Sonus, he worked for more than 10 years in public accounting with both Deloitte and Touche and Arthur Andersen. 4 Liberty Ln. McCall Gosselin joined Planet Fitness in January 2013 and currently serves as SVP of Communications and Corporate Social Responsibility. | United PF Partners, the largest Planet Fitness franchisee, has acquired a 19-club Planet Fitness franchisee in the Phoenix market, the company announced. Since their start in 2002, Anytime Fitness has opened over 4,000 locations on all seven continents. As of December 2021, 98% of all franchised stores were owned and operated by A franchisee group that owned at least three stores, and while Planet Fitness Largest franchisee owned 175 Stores, Only 33% of its franchisee groups own more than 10 stores. Absentee Ownership Allowed, Planet Fitness Franchise Info: https://www.planetfitness.com. [56][57][58] Planet Fitness has also provided mini "Judgement Free Zone" gyms to Boys & Girls Clubs in Manchester, New Hampshire[59] and Pasadena, California. [11][12] Berks had been catering to the bodybuilding culture in his Gold's Gym. If you sign an Area Development Agreement, the Initial Franchise Fee for each location opened under the Area Development Agreement will be $20,000 for Franchise Agreements entered into within four years of the effective date of your Area Development Agreement. In addition, he served as an online media manager for the University of Nevada, Reno. In this role, he will lead the Companys technology evolution and strategy, focused on delivering technology solutions that will continue to enhance the member experience while optimizing infrastructure, data and operations for flexibility and scale. You may need additional operating capital, or you may need it for a longer period of time. Ms. Kaplan holds a B.S. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations. Based on a midpoint investment of $1,378,500 with estimated profits of $94,820 (10% profit margin) it would take about 15 years to recoup your investment. The gym utilizes a "lunk alarm", which is a loud siren and rotating light that is used when a gymgoer grunts too loudly or drops weights. In this role, he has overall leadership and accountability of the brands primary revenue producing business segments, including U.S. and international franchise operations and development, equipment sales, and Corporate stores, in addition to both the technology and legal functions. The Grondahls changed the gyms name to Planet Fitness in 1994. When you go to sell a Planet Fitness franchise based on the median multiple of .67 and net sales in 2021 of $1,545,877, it would sell for $1,035,737. She played a pivotal role in creating breakthrough nation marketing campaigns that have built the brand over the past two decades, including iconic advertising campaigns like Lift Things and No Gymtimidation, along with pillar marketing sponsorships like the brands New Years Eve celebration in Times Square. Initial franchise terms are 10 years. This covers the cost of being able to use their name and logo. - In Indian currency, the investment comes around Rs 7,14 crores to Rs 31,23 crores. Get in touch with Planet Fitness Owners from around the US with verified contact data for all owners of all Planet Fitness locations. Planet Fitness Franchise Owners Contact List $ 149 Verified List of Planet Fitness Owners Contact Data We offer the most complete and most accurate mailing/telemarketing list for Planet Fitness franchise owners. Ms. Gentilozzi has more than 30 years of Human Resources leadership experience at national retail brands, most recently serving as Executive Vice President of Human Resources at FULLBEAUTY Brands where she led all HR initiatives to support 2,000 associates. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. [17], As part of their effort to create a non-intimidating environment, Planet Fitness has alienated many serious weight lifters. - In Malaysian currency, the investment comes around MYR 3,93 million to MYR 17,21 million. Planet Fitness Independent Franchisee Council Join Us Today! Prior to that he served as the Chief Operating Officer since 2003. An offshoot of the (purportedly) $7 billion UFC brand, UFC Gyms offer MMA-inspired personal and specialized training, traditional and fusion martial arts classes, and youth fitness classes. An individual planet fitness franchise owner can make around $513,00 to $5,554,000 annually. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Bringing Franchise Owners Together to Share and Grow. Initial franchise terms are 10 years. Estimated total initial investment: $304,500 to $2.1 million. This routine is an 18-minute HIIT workout that targets cardio and endurance. [14] Berks later went on to open the first Youfit Health Club in St. Petersburg, Florida. Prior to Jiffy Lube, he served on Shells global Downstream Acquisitions & Divestments Leadership Team with responsibility for transaction delivery across North and South America. You'll build confidence while increasing your fitness knowledge. If you are an individual with a passion for fitness and are willing to invest an amount ranging from $657,542 $2,105,322 or more, Orange Theory might be the right fit for you. The total investment ranges from $728,290 to $3,777,800. As a result, she has played an instrumental role in the major strategic decisions made by the Company. You must pay a supplemental fee of $5,000, per location remaining to be developed, plus our reasonable out-of-pocket expenses, including external legal and administrative costs we incur in connection with the transfer. This influences which products we write about and where and how the product appears on a page. The franchise requires that candidates have access to over $90,000 in liquid capital, and a minimum net worth of $300,000. Performing this action will delete your account. According to their website, Pure Barre is the oldest and most established barre studio out there. Orange Theorys success is quite similar to Pelotons rise to fame. Prior to that, she served as the Vice President of Digital Marketing & Innovation at Dunkin Brands where she was responsible for developing and marketing Dunkins digital platforms, including the DD Mobile app and the DD Perks loyalty program. Club Pilates North Shore is a boutique Pilates studio specializing in reformer fusion classes for anyone, at any age or fitness level. Our research and analytics team analyzed over 120 franchise concept investment breakdowns in order to calculate this figure. "I decided I didn't want to deal with that crowd, so that's when I opened the original Planet Fitness club in Sunrise, Florida, in 1993." After a few years of growth, Planet Fitness started franchising in 2003 with the first franchised gym opened in Florida. In other words, franchising takes most of the heavy lifting off your shoulders. We also suggest that you speak to 3 5 Planet Fitness owners before opening one yourself. You will pay a lump-sum nonrefundable Initial Franchise Fee in the amount of $20,000 when you sign the Franchise Agreement. As can be seen, Planet Fitness stock has outpaced the S&P 500 by almost 2x. You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. If you are thinking about how to open a Planet Fitness franchise, begin with a franchise investment information. SVP Communications and Corporate Social Responsibility, General Counsel and SVP, International Division. This metric is the standard industry investment amount for a single unit franchise investment in this industry. All reactions: 8. He also currently serves on the Board of Directors of the NH/VT/ME Region of the American Red Cross and the Business & Industry Association of New Hampshire. Brands, he supported the team tasked with transforming and modernizing technology and data systems both domestically for KFC and internationally in Australia for Pizza Hut. Prior to that, Ms. Gentilozzi served as Senior Vice President of Human Resources at Aropostale, supporting over 25,000 employees in 1,000 retail locations throughout the U.S., Canada, and Puerto Rico. From the start, Planet Fitnesswas an inclusive, non-intimidating gym and in 1997, Planet Fitness officially unveiled its Judgement Free Zone philosophy. Thats why we put together this complete mailing/telemarketing list containing contact the names, phone numbers and physical addresses of business owners in the franchise system and certain former franchise operators. Although gym franchises require that the owner has previous management experience, most dont require experience in the fitness industry. Our partners compensate us. Planet Fitness estimates the total costs to re-equip your facility with both cardio equipment and all other exercise equipment will range from $314,000 to $922,000 every 5 to 7 years. Please renew to keep using our services. Planet Fitness franchise is one of the largest fitness US chains by a number of members and locations. Plus, the outlook for gym franchises is bright: According to a report by IBISWorld, the health and wellness boom over the past few years has led to a sizable increase in gym membership levels, which continues to grow. [3] The company reports that it has around 2,400 clubs,[4] making it one of the largest fitness club franchises by number of members and locations. Previously, Mr. Fitzgerald served as Chief Administrative Officer of Sears Canada. Office Depot, Planet Fitness, Roto Rooter, Starbucks, Taco Bell, Travelers, and United Health Group. Planet Fitness has more members and locations than any other fitness brand. 1,600+ locations open and we're just getting started! Theyll provide you with a personal support team, comprehensive training, and marketing support over the course of your franchise agreements six-year term (or 10, if youre in California). We were opening our 5th store then. An innovative entrepreneur, Mr. Rondeau was honored as an EY Entrepreneur of the Year and inducted into the UNH Alumni Entrepreneur Hall of Fame. Jennifer Simmons joined Planet Fitness in 2013 as a business analyst, later joining the executive leadership team as Senior Vice President of Business Strategy and Analytics and in 2022 was named Division President, Corporate Clubs. Planet Fitness's franchise fee is $10,000 for a 10-year renewable agreement, though the total investment ranges from $700,000 to $3.8 Million. Planet Fitness franchise was founded in 1992 by Marc and Michael Grondahl in Dover, New Hampshire. Prior to joining Dunkin' Brands, he was a Dunkin' Donuts franchisee in Richmond, VA. Tom Fitzgerald joined Planet Fitness in 2020 as the Companys Chief Financial Officer. The 2019 Planet Fitness Franchise Awards were given to the following: Hall of Fame: Jeff & James Innocenti - PF Supreme Franchisee of the Year: Mike Turner & CJ Bouchard - Excel Fitness Operator of the Year: Steve Kindler, Jr. - National Fitness Partners Developer of the Year: Tim Kelleher - Taymax Group NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. With that accessible attitude in mind, Planet Fitness tries particularly to target the 80% of the American and Canadian population who dont have gym memberships. Our partners cannot pay us to guarantee favorable reviews of their products or services. The private equity owners of United PF Partners, the largest Planet Fitness franchisee conglomerate, have sold the group to American Securities, another New York-based private equity firm, for an undisclosed sum, the companies announced in a Jan. 6 media release. Here is a list of our partners. has over 8,900 franchises across the country. Crunch isnt quite as widespread as Planet Fitnesscurrently, they have 300+ open locations in 29 states and five countriesbut with plans to open an additional 1,000+ locations, theyre growing quickly. Franchise fee: one-time $42,500 Royalty fees: $699/mo Planet Fitness Planet fitness has locations in Canada, Mexico, Panama, and all 50 states of the US. That way, participants can both track their own progress, and see how it stacks up to other people in the classso if you thrive on competition, this is the gym franchise for you. [47], In March 2013, Planet Fitness partnered with 50 Cent to sell his energy drink "Street King". The franchise also requires that candidates have at least $100,000 in combined liquid assets and a total net worth of at least $250,000. This model has become extremely sticky in the fitness industry because while many people want to achieve their fitness goals, they innately lack motivation. Ms. Gosselin was named a Top Woman in PR by PR News in 2020. Gathering all available information about each potential franchise will help you land on the gym that not only works for you financially, but that also resonates with your lifestyle and values. [8][9][7] In 2002, they purchased the rights to the name Planet Fitness from Rick Berks and renamed their franchise. In this role, she oversees general HR operations, talent acquisition, leadership development, business partner support, culture and employee engagement, benefits and compensation. is growing quickly: In 2018, The Bar Method saw a 118% growth rate. It was founded in 2001, began franchising in 2008, and currently has over 120 locations in 26 states. You'll also benefit from . Estimated Number of Units: 2,300. There are both advantages and disadvantages of franchising, so make sure you weigh both sides thoroughly. Mr. Rondeau joined Planet Fitness in 1993, working the front desk at the very first location in Dover, NH, one year after the original founders, Michael and Marc Grondahl, started the Company in 1992. Even though the history of barre dates back to 1959, when the discipline was created by former ballerina Lotte Berk, the ballet/Pilates/yoga hybrid saw a huge boom in the 2010s. So any aspiring entrepreneur with a passion for fitness may be eligible for gym franchise ownership, whether theyre a trained fitness pro or not. Throughout the years, Chris played a critical role in developing and refining the unique, low-cost/high-value business model and lean operating system that revolutionized both the fitness and franchising industry. Both franchising units and company-operated stores have increased. [29], In 2020, the company received criticism for charging its customers for March dues "despite closing its facilities nationwide due to the novel coronavirus pandemic. Then, you will be in compliance with the LAF requirement if you spend an amount that satisfies the LAF obligations for all the Planet Fitness businesses in the aggregate. So if you also find fun to be your major motivating factor, Crunch might be the right gym franchise opportunity for you. Assistant Assigning Editor | Small-business finance, personal finance. Ms. Medeiros received her Bachelors degree from the University of New Hampshire. ASK QUESTIONS ABOUT THE FRANCHISE, Distributorship Opportunities For Business, the terms of To open a gym, a franchisee must have a net worth of $3 million with a minimum of $1,500,000 in liquid assets. Throughout her tenure, she has held roles of increasing responsibility, with her most recent position being Vice President of National Marketing. Currently, the Orangetheory franchise has over 1,100 studios in 49 U.S. states and 22 countries internationally (they started in 2010, for some context about just how quickly theyre growing). [21] Some bodybuilders and weight lifters have found the way they're portrayed in Planet Fitness TV commercials to be offensive, and the way they're treated in Planet Fitness gyms to be "quite possibly discriminatory. subject to maximum fee of $40,000, Concurrently with our granting a successor franchise to you, Actual costs (approximately $1,200 per visit), Cure Period Extension Fee (Franchise Agreement), Paid monthly via EFT on the day designated as your Monthly Membership Billing Day, as defined in our Franchise Agreement, Grace Period Fee (Area Development Agreement), Paid monthly beginning on the first day of the [47] The contestants on the show worked out on Planet Fitness equipment and then at Planet Fitness gyms near their homes, working with Planet Fitness instructors. Our opinions are our own. "[23], In the fall of 2013, TSG Consumer Partners LLC became an equity partner in the Planet Fitness franchise. That said, Orangetheory is designed for people of all fitness levels, since participants can go entirely at their own pace. [34] The royalty fee for a Planet Fitness is 7% of the total gross monthly and annual membership fees. And in 2019, gym franchises specifically contributed $4 billion to the $34 billion gym, health, and fitness industry. Orangetheory claims to be one of the fastest-growing franchises in the world, and theyre ranked 60th in Inc. Magazines Fastest Growing Private Companies List. Planet Fitness franchise costs, based on Item 7 of the company's 2022 FDD: Initial Franchise Fee: $20,000 Site Selection Costs: $0 to $10,000 Construction Development Plan Review Fee: $0 to $4,000 Leasehold Improvements: $1,250,000 to $2,163,000 Fitness Equipment: $34,000 to $953,000 Non-Fitness Equipment: $63,000 to $825,000 [48], Since December 2014, Planet Fitness has been the official fitness sponsor of Dick Clark's New Year's Rockin' Eve on ABC. This information may be different than what you see when you visit a financial institution, service provider or specific products site. We provide estimated franchise costs for some countries: Bode held several senior leadership positions at Dunkin' Brands, including serving as Regional Vice President of Dunkin' Donuts Northeast where he was responsible for overseeing the operations of more than 2,600 restaurants. 4. West Hampton, NH 03842, USA, Interested? At Jiffy Lube, he oversaw the strategic direction of the company, and managed franchise relationships to create a shared vision for the brand, drive network growth, and maintain Jiffy Lubes leading market share. The Planet Fitness franchise sets itself apart from other gyms by being the "Judgement Free Zone" where everyone can feel comfo. . When evaluating offers, please review the financial institutions Terms and Conditions. Crunchs fees are on the lower end of the scale: Royalty fees are 5% of monthly gross sales, and advertising fees are 2% of monthly gross sales. It offers classes for dance, aqua, cycle, box, pilates, and many more. She received her Bachelors degree from Eastern Connecticut State University. This investment is much higher than the industry standard of $253,000. Mr. Fitzgerald has over 30 years of leadership experience in financial management in the retail industry, most recently serving as Chief Financial Officer and Senior Vice President at Potbelly Sandwich Works. Planet Fitness offers people the opportunity to be a part of the fitness business, but we do not believe this is sustainable. The initial Planet Fitness Franchise Fee is $20,000. Brand fund contributions (aka advertising fees) are 2% of monthly gross sales, though they may be increased to 3%. Point of Sale System, and other Supplies, Your Out-of-Pocket Initial Training Expenses, Operating Cash (Additional Funds Pre-Opening and first six months), $7% of the total gross monthly and annual membership fees payable to you via EFT Dues Draft, Internet Membership and Balance Payment Administration Fee, Set according to our Methods of Operations, presently 55 per membership application or balance payment we process for your franchise location, Fees to Evaluate and Approve Alternative Suppliers, Our reasonable costs and expenses, which currently are expected to range between $1,000 and $5,000, although costs could greatly exceed those amounts depending on the product, Will var under the circumstances: estimated insurance premiums for your first year are $10,000 to $20,000. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. The estimated total investment necessary to begin the operation of an Orange Theory Franchise ranges from $657,542 to $2,105,322. The concept currently has over 1,000 franchises in the United States and another 150 international locations and is a subsidiary of Ultimate Fitness Holdings. Craig Benson has rejoined the board of directors of Planet Fitness, a national gym chain based in Hampton in which he is a substantial franchisee and which uses software from a company that Benson partly owns, according to a Securities and Exchange Commission filing. In addition to standard gym fare, Anytime Fitness locations offer a range of classes and services, like yoga, spin, cardio, Zumba, and personal training. Owning a fitness franchise is a fantastic way to enter into the multi-billion dollar fitness industry. Mr. Barber has over 20 years of experience in leadership experience across a variety of industries, most recently serving as the Senior Vice President of Information Technology at United Natural Foods Inc. Our franchise contact lists contain contact details for both owners of single franchise units and multi-unit franchise owners, that is, franchisees that own many franchised locations. Initial franchise fee: $54,950 to $59,950, Estimated total initial investment: $563,529 to $999,121. Pre-qualified offers are not binding. The total investment to open a Planet Fitness gym ranges from $728,290 - $3,777,800. So if you also find fun to be your major motivating factor, Crunch might be the right gym franchise opportunity for you. Prior to that, he served as the Director and General Manager of internet startup Kozmo, where he was responsible for new market development and operations. Additional Training: Ongoing training While at Dunkin Brands, he helped lead the technology team that rolled out mobile ordering across 9,000 locations. Co-founder, Elle Latham, decided to open a gym to implement her personally designed workout, which eventually became the basis for Orange Theorys system. In 2020, he joined the International Franchise Association (IFA) Board of Directors; board members are drawn from a world-class set of franchise brands. has opened over 4,000 locations on all seven continents. Ongoing Royalty Fee: $449 - $549/mo. industry. Planet Fitness franchise opportunities are proven by 1,500 clubs successfully operating worldwide. Ms. Simmons has an MBA in Finance from the University of New Hampshire and holds dual Bachelors degrees in Economics and Sociology from Indiana University. Your Royalty payment is currently based on the total gross monthly and annual membership fees for the Planet Fitness business that are due and payable to you each month and annually, as applicable, by or on behalf of your members through authorized EFT withdrawals (the EFT Dues Draft), regardless of the amount of membership fees you collect. The policy states that "members and guests may use all gym facilities based on their sincere self-reported gender identity. Founded in 1992 in Dover, N.H., Planet Fitness is now the fastest-growing full size health club franchise in the United States, and has revolutionized the industry with a combination of extremely . All told, their gyms boast over 14 million members worldwide. Edward Hymes joined Planet Fitness in January 2023 as President and Chief Operating Officer. So long as you are not decided on the fitness industry, we recommend you have a look at other offerings. That said, as of June 2022, Planet Fitness has paused offering franchises. The Grondahls had acquired a struggling Golds Gym franchise and closed it in 1993.
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